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Monday, December 28, 1998

SEBI biased towards Mallya in Herbertsons battle: Chhabria
The Kishore Chhabria group has accused the Securities & Exchange Board of India (SEBI) of "a definite bias" towards "protecting" the management control of Vijay Mallya over Herbertsons Ltd "at all costs".

FIs not to fund core projects with open forex positions
Financial institutions (FIs) have decided to move away from funding infrastructure projects with unhedged forex-loan components.

Huge accumulated losses wipe out Peerless General Finance net worth
Peerless General Finance & Investment Co Ltd's net worth has been wiped out, with the accumulated losses ballooning to Rs 48.32 crore on an equity of Rs 33 crore.

Jagmohan hints at changes in DoT
In a bid to bring in dynamism and improve quality of work, the central government will change administrative pattern in the Department of Telecommunications, union communications minister Jagmohan said on Sunday.

CORPORATE
SWIL Gujarat project cost up on forex swings
Parachute Lite corners 10% market share

ECONOMY
Inflation falls to 7%
Next Indo-US talks may be inconclusive

EXPRESSIONS
New-found faith
Sinha in despair

MARKETS
Short-term rates seen tight; rupee likely to stay stable
Amended futures rules are adequate: Ministry

LEISURE
Amartya Sen to set up education, health trust with Nobel money
New software likely to change the face of ticketing systems